Coinbase announces Germany to become its Regional Talent Hub
Coinbase announced today that Germany will become a Regional Talent Hub, marking another milestone in its international expansion strategy.
In 2021, Coinbase received a crypto license from BaFin. This license, for crypto custody and trading, was established under a new licensing regime introduced by BaFin in January 2020.
Since then, Coinbase’s German operation has grown from strength to strength, and over the last 12 months, has been Coinbase’s fastest growing office, more than doubling in headcount. As a regional talent hub, Coinbase’s German operation will become integral in helping source and develop local crypto talent.
“Since entering the market, we’ve been impressed by the regulatory clarity, as well as Germany’s commitment to tech innovation and the vibrant Web3 ecosystem. Its deep developer talent pool, as illustrated at our recent BASE meet-up during Berlin Blockchain Week, is a particularly exciting prospect, as we look to expand our products and services across the region,” said Daniel Seifert, Vice President and Regional Managing Director, EMEA at Coinbase.
“Due to the ongoing migration of Web3 firms from the US, the European share of talented developers is increasing, establishing the region as a leader in Web3. Germany is our second largest international market, and the talent available in the country is super exciting. It’s a natural choice for our regional talent hub,” said Nana Murugesan, Vice President of International and Business Development at Coinbase.
In further Phase II moves, over the next two weeks Coinbase will be rolling out a series of operational and people announcements across key European ‘go deep’ markets, including Ireland, Benelux and Nordics, Spain and Italy.